Prepare a trend analysis of the following data using (20 times 1) as the base year. State
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Prepare a trend analysis of the following data using \(20 \times 1\) as the base year. State whether the trends show a favourable or unfavourable situation. (Round answers to one decimal place.)
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20x5 20x4 20x3 20x2 20x1 Net Sales 25,520 23,980 24,200 22,880 22,000 Cost of Goods Sold 17,220 15,400 15,540 14,700 14,000 General and Administrative Expenses 5,280 5,184 5,088 4,896 4,800 Operating Profit 3,020 3,396 3,572 3,284 3,200
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Related Book For
Financial Accounting A Global Approach
ISBN: 9780395839867
1st Edition
Authors: Sidney J. Gray, Belverd E. Needles
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